Last year marked a big milestone for the millions of Americans who make up Generation X: they turned 50. Generation X is generally considered to consist of Americans born between 1965 and 1980. Today, they range in age from 35 up to 51. Welcome to middle age, Gen X!
Middle age means retirement is rapidly approaching. If you’re nearing 50, now may be the time to take a fresh look at your retirement income strategy, and to determine what changes you might need to make so you can maximize the final years of your career.
Do you dream of retiring in a foreign country? Maybe to enjoy the warm weather of Central America? Or perhaps to the Italian countryside for delectable food and wine?
Retirement is your time to live life on your terms. If you’ve always dreamed of living in a foreign country, you should certainly explore any opportunity to do so. However, retiring abroad brings a number of complexities and challenges you may not face if you retire in the U.S.